Obligation Aegon 0.375% ( XS1720933297 ) en EUR

Aegon

97.66 % ▼

Pays-bas

XS1720933297 ( en EUR )

0.375% par an ( paiement annuel )

20/11/2024

Prospectus brochure de l'obligation Aegon XS1720933297 en EUR 0.375%, échéance 20/11/2024

100 000 EUR

500 000 000 EUR

21/11/2024 ( Dans 185 jours )

L'Obligation émise par Aegon ( Pays-bas ) , en EUR, avec le code ISIN XS1720933297, paye un coupon de 0.375% par an.
Le paiement des coupons est annuel et la maturité de l'Obligation est le 20/11/2024

Final Terms
Dated 17 November 2017

Aegon Bank N.V.
(incorporated under the laws of the Netherlands with limited liability and having its statutory seat in The Hague)

Issue of EUR 500,000,000 0.375 per cent. Fixed Rate Covered Bonds due November 2024
(the "Covered Bonds")

Guaranteed as to payment of principal and interest by
Aegon Conditional Pass-Through Covered Bond Company B.V.
under Aegon Bank N.V.'s EUR 5,000,000,000 Conditional Pass-Through Covered Bond Programme

This document constitutes the Final Terms of the issue of Covered Bonds under the EUR 5,000,000,000 Condi-
tional Pass-Through Covered Bond Programme (the "Programme") of Aegon Bank N.V. as the Issuer guaran-
teed by Aegon Conditional Pass-Through Covered Bond Company B.V. as the CBC, described herein for the
purposes of article 5.4 of the Directive 2003/71/EC (as amended, including by Directive 2010/73/EU), and includ-
ing any relevant implementing measures in a relevant member state of the EEA (the "Prospectus Directive").
This document must be read in conjunction with the base prospectus pertaining to the Programme, dated 5 Oc-
tober 2017 as lastly amended on 10 November 2017 and any further amendments and supplements thereto (the
"Base Prospectus"), which constitute a base prospectus for the purposes of the Prospectus Directive. Full in-
formation on the Issuer and the offer of the Covered Bonds is only available on the basis of the combination of
these Final Terms and the Base Prospectus and any amendments or supplements thereto and the terms and
conditions set forth in the Base Prospectus. The Base Prospectus (and any amendments thereto) is/are, in ac-
cordance with article 14 of the Prospectus Directive, available for viewing at www.aegon.com/coveredbond as
well as at the office of the Issuer at Aegonplein 50, 2501 CE The Hague, the Netherlands, where copies may also
be obtained (free of charge). Any supplements to the Base Prospectus will in any case be available at this office
and copies thereof may be obtained (free of charge) there.

The Covered Bonds and the Guarantee have not been and will not be registered under the U.S. Securities Act of
1933, as amended (the "Securities Act"), or the securities laws of any state of the U.S. or other jurisdiction. The
securities may not be offered or sold within the U.S. or to, or for the account or benefit of, U.S. persons (as de-
fined in Regulation S), except pursuant to an exemption from, or in a transaction not subject to, the registration
requirements of the Securities Act and applicable state or local securities laws. Accordingly, the Covered Bonds
are being offered, sold or delivered only to non-U.S. persons (as defined in Regulation S) outside the U.S. in
reliance on Regulation S.

These Final Terms are to be read in conjunction with the Terms and Conditions (the "Terms and Conditions")
set forth in section 7 (Conditional Pass-Through Covered Bonds) of the Base Prospectus. The Terms and Condi-
tions as supplemented, amended and/or disapplied by these Final Terms constitute the conditions (the "Condi-
tions") of the Covered Bonds. Capitalised terms not defined herein have the same meaning as in the Terms and
Conditions. Certain capitalised terms in the Conditions which are not defined therein have the meaning set forth
in a master definitions agreement (the "Master Definitions Agreement") dated 30 October 2015 as amended,
supplemented, restated or otherwise modified from time to time and signed by the Issuer, the CBC, the Security
Trustee, the Transferor and certain other parties. All references to numbered Conditions and sections are to
Conditions and sections of the Terms and Conditions set forth in section 7 (Conditional Pass-Through Covered
Bonds) of the Base Prospectus.

1.
(i)
Issuer:
Aegon Bank N.V.

(ii)
CBC:
Aegon Conditional Pass-Through Covered Bond Company
B.V.

2. (i) Series
Number:
4

(ii)
Tranche
Number:
1

3. Currency:
Euro
("EUR")

EXECUTION COPY

4.
Aggregate Nominal Amount:
EUR 500,000,000

5.
Issue Price of Tranche:
99.546 per cent. of the Aggregate Nominal Amount

6.
(i)
Specified Denomination(s): EUR
100,000

(ii)
Calculation Amount:
EUR 100,000

7.
(i)
Issue Date:
21 November 2017

(ii)
Interest Commencement Date :
For the Fixed Rate period (the period from (and including) the
Issue Date to (but excluding) the Maturity Date or, if earlier, the
date on which a Breach of Amortisation Test Notice has been
served): the Issue Date

For the extension Fixed Rate period (the period from (and in-
cluding) the Maturity Date or if earlier, the date on which a
Breach of Amortisation Test Notice has been served to (but ex-
cluding) the Extended Due for Payment Date): the Maturity
Date or, if earlier, the date on which a Breach of Amortisation
Test Notice is served

8.
Maturity Date:
21 November 2024

Extended Due for Payment Date:
21 November 2056

9.
Interest Basis:
For the Fixed Rate period (the period from (and including) the
Issue Date to (but excluding) the Maturity Date or, if earlier, the
date on which a Breach of Amortisation Test Notice has been
served): 0.375 per cent. Fixed Rate per annum, payable annu-
ally in arrear

If payment of the Guaranteed Final Redemption Amount is de-
ferred in whole or in part, for the period from (and including) the
Maturity Date or, if earlier, the date on which a Breach of Amor-
tisation Test Notice has been served to (and excluding) the Ex-
tended Due for Payment Date: 0.375 per cent. Fixed Rate per
annum, payable monthly in arrear

10.
Redemption/Payment Basis:
Redemption at par

11.
Change of Interest Basis or Redemption/

Payment Basis:
Not Applicable

12.
Put/Call Options:
Not Applicable

13.
Status of the Covered Bonds:
Unsubordinated, unsecured, guaranteed

14.
Status of the Guarantee:
Unsubordinated, secured (indirectly, through a parallel debt),
unguaranteed

PROVISIONS RELATING TO INTEREST (IF ANY) PAYABLE

15.
Fixed Rate Covered Bond Provisions: Applicable to but excluding the Maturity Date, or if
earlier, the date on which a Breach of Amortisation Test Notice
has been served
50107808 M 22779517

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(i)
Rate(s) of Interest:
0.375 per cent. per annum payable annually in arrear

(ii)
Interest Payment Date(s):
21 November in each year commencing on 21 November
2018, up to and including the Maturity Date, if applicable sub-
ject to the Business Day Convention

(iii)
Fixed
Coupon
Amount(s):
EUR 375 per Calculation Amount

(iv)
Broken Amount(s):
Not Applicable

(v)
Business
Day
Convention

- Business Day Convention
Following Business Day

Convention

- Adjustment or Unadjustment

for Interest Period
Unadjusted

(vi)
Fixed Day Count Fraction:
Actual/Actual (ICMA)

16.
Floating Rate Covered Bond Provisions: Not Applicable

17.
Fixed Rate Covered Bond Provisions

(also applicable for each Floating Rate

Covered Bond which switches to a

Fixed Rate Covered Bond):
Applicable from and including the Maturity Date if payment of
the Guaranteed Final Redemption Amount is deferred in whole
or in part or, if earlier, applicable from and including the date on
which a Breach of the Amortisation Test Notice is served

(i)
Rate(s) of Interest:
0.375 per cent. per annum payable monthly in arrear

(ii)
Interest Payment Date(s):
Each CBC Payment Date after the earlier of (i) the Maturity
Date up to and including the Extended Due for Payment Date
and (ii) the date on which a Breach of Amortisation Test Notice
is served, up to and including the Extended Due for Payment
Date, if applicable, subject to the Business Day Convention

(iii)
Interest Period:
Each period from and including an Interest Payment Date to
but excluding the next subsequent Interest Payment Date

(iv)
Business
Day
Convention

- Business Day Convention:
Following Business Day Convention

- Adjustment or Unadjustment

for Interest Period:
Unadjusted

(v)
Fixed Day Count Fraction:
Actual/Actual (ICMA)

PROVISIONS RELATING TO REDEMPTION

18.
Issuer Call: Not
Applicable

19.
Investor Put: Not
Applicable

20.
Final Redemption Amount
EUR 100,000 per Calculation Amount

21. Early Redemption Amount(s) per

Calculation Amount of each Covered
50107808 M 22779517

EXECUTION COPY

Bond payable on redemption for

taxation reasons, or on acceleration

following an Issuer Event of Default

as against the Issuer or a CBC Event

of Default or other early redemption:
as specified in Condition 7(e) (Early Redemption Amounts)

GENERAL PROVISIONS APPLICABLE TO THE COVERED BONDS

22.
Form of Covered Bonds:
Bearer form

Temporary Global Covered Bond exchangeable for a Perma-
nent Global Covered Bond which is exchangeable for Definitive
Covered Bonds only upon the occurrence of an Exchange
Event

23.
New Global Note form:
Applicable (see also item 38(vi))

24.
a)
Exclusion of set-off:
Not Applicable

b)
German Insurers:
Not Applicable

25.
Additional Financial Centre(s) or other
Not Applicable
special provisions relating to payment

Dates:

26.
Talons for future Coupons
to be attached to Definitive Covered
Bonds (and dates on which such Talons
mature):
Yes, as the Covered Bonds may have more than 27 coupon
payments, Talons may be required if, on exchange into defini-
tive form, more than 27 coupon payments are still to be made.

27. Consolidation
Provisions:
The
provisions of Condition 18 (Further Issues) apply

DISTRIBUTION

28.
Method of distribution:
Syndicated

(i)
If syndicated, names of

Managers:
Joint Lead Managers:

Barclays Bank PLC

BNP
Paribas

Coöperatieve
Rabobank
U.A.

Crédit Agricole Corporate and Investment Bank

Société
Générale

(ii)
Stabilising Manager (if any):
Not Applicable

29.
If non-syndicated, name and address of

relevant Dealer:
Not Applicable

OTHER PROVISIONS

30.
U.S. Selling Restrictions:
Reg S, Compliance category 2, TEFRA D

31. Listing:

(i) Listing
Euronext
Amsterdam

50107808 M 22779517

EXECUTION COPY

(ii)
Admission to trading:
Application has been made for the Covered Bonds to be admit-
ted to trading on the regulated market on the official list of Eu-
ronext Amsterdam with effect from 21 November 2017

(iii)
Estimate of total expenses related

to admission to trading:
EUR 5,500 (to be paid by the Issuer)

32.
Ratings:
The Covered Bonds to be issued are expected to be rated:

Fitch Ratings Limited: `AAA'
Standard & Poor's Credit Market
Services Europe Limited: `AAA'

Registration of Rating Agency:
Fitch Ratings Limited and Standard & Poor's Credit Market
Services Europe Limited are established in the EEA and
registered under Regulation (EU) No 1060/2009, as amended
(the "CRA Regulation")

33.
Notification:
Not Applicable

34.
Interests of Natural and Legal Persons Involved in the Issue

Save as discussed in "Subscription and Sale", so far as the Issuer is aware, no person involved in the is-
sue of the Covered Bonds has an interest material to the offer.

35.
Reasons for the Offer:
The net proceeds of the Covered Bonds will be used by the
Issuer for its general corporate purposes

36.
Estimated net proceeds and total expenses

(i)
Estimated
net
proceeds: EUR
496,480,000

(ii)
Estimated total expenses:
EUR 5,500

37.
Yield (Fixed Rate Covered Bonds only)

Indication of yield:
0.441 per cent. per annum
The yield is calculated at the Issue Date on the basis of the Is-
sue Price. It is not an indication of future yield

38. Operational
Information

(i) ISIN:
XS1720933297

(ii) Common
Code:
172093329

(iii) Fondscode:
Not
Applicable

(iv) WKN
Code:
A19SHK

(v)
Other relevant code:
Not Applicable

(vi)
New Global Note intended to be

held in a manner which would

allow Eurosystem eligibility:
Yes. Note that the designation "yes" simply means that the
Covered Bonds are intended upon issue to be deposited with
one of the ICSDs as common safekeeper and does not neces-
50107808 M 22779517

EXECUTION COPY
sarily mean that the Covered Bonds will be recognised as eligi-
ble collateral for Eurosystem monetary policy and intra day
credit operations by the Eurosystem either upon issue or at any
or all times during their life. Such recognition will depend upon
the ECB being satisfied that Eurosystem eligibility criteria have
been met

(vii) Offer
Period:
Not Applicable

(viii) Delivery:
Delivery
against
payment

(ix)
Payment:
As agreed between the Issuer and the Managers

(x)
Settlement Procedure:
Not Applicable

(xi)
Clearing System:
Euroclear/Clearstream Luxembourg

39.
Additional paying agent (if any)
Not Applicable

40.
Listing Application
These Final Terms comprise the final terms required to list and
have admitted to trading on Euronext Amsterdam the issue of
Covered Bonds described herein pursuant to the Programme
for the issuance of Covered Bonds of Aegon Bank N.V.

Responsibility
The Issuer and the CBC declare that, having taken all reasonable care to ensure that such is the case, the infor-
mation contained herein is, to the best of its knowledge, in accordance with the facts and contains no omission
likely to affect its import. The Issuer and the CBC (only as far as it concerns the CBC) accept responsibility for the
information contained in these Final Terms.

Signed on behalf of the Issuer:

Signed on behalf of the CBC:

By:

By:
Duly authorised

Duly authorised

By:

By:
Duly authorised

Duly authorised
50107808 M 22779517